The unemployment rate in the Northeast dropped more than a full percentage point in August.
After dropping to its lowest point since October 2015, unemployment in the Wood Buffalo-Cold Lake census area increased by 0.3 per cent last month, according to the latest labour force survey released by Statistics Canada. The number of part-time jobs rose by 110,400 in August while full-time jobs fell by 88,100. The number of full-time jobs dropped by 100 positions.
Statistics Canada reports that the greatest loss in full-time employment occurred for youth between the ages of 15 and 24.
Canadian employment increased 22,200 for August which was which was slightly stronger than expectations of around 19,000 for the month and following a gain of 10,900 for July.
The unemployment rate on P.E.I. fell in August to its lowest rate in nearly 10 years, but it was not necessarily good news.
Economists disagree on exactly what that unemployment rate is, but Maurice Mazerolle at Ryerson University's Ted Rogers School of Management says it's somewhere between five and six per cent.
The economy added a few hundred jobs, but actually lost full-time jobs, making up the difference in part-time work.
Ontario's economy added 31,000 jobs mostly in finance, insurance, real estate, and rental and leasing.
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